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Urgent: Oil prices drop ahead of OPEC meeting

Xinhua, June 2, 2015 Adjust font size:

Oil prices fell Monday as there was no sign that OPEC will cut output quota at its Friday meeting.

Light, sweet crude for July delivery moved down 10 cents to settle at 60.2 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 68 cents to close at 64.88 dollars a barrel. Endite